A waiver of damage settlement is a contractual clause whereby one party renounces the right to claim damages or pursue a damage claim, typically in exchange for a flat-rate compensation or other contractual consideration.
Source: https://de.wiktionary.org/wiki/Schadenabfindungsverzicht
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.